5940 N Virginia Avenue
Chicago, IL 60659

Status: Active Under Contract
Multi Family
4 beds
0 baths
0 sq.ft
Listing Price: $689,900
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About this home

Beautiful 2-Unit building situated along Peterson Park! Both units are rented out and show extremely well! The 1st floor unit was just rehabbed and shows like a model! Separate heat and central air conditioning in each unit. Spacious 2 bedroom, 1 bath floorplans with hardwood floors. Full basement is finished with extra space to enjoy! Newer tear off roof, mechanicals new within last 6 years. Great location!! Buy today and earn great rental income! The 2nd floor rent is below market, so potential for substantially more income! No garage - property line/yard backs up all the way to the alley therefore a parking pad or garage is possible.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 61-70 Years
3 Bedroom Unit in Building No
Approx Year Built 1955
Exterior Building Type Brick
Exterior Property Features Patio
Foundation Concrete Perimeter
Parking None
Roof Type Rubber
MRD Virtual Tour Image360
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Ridge
Zoning Type MULTI
Corporate Limits Chicago
Directions Lincoln to Whipple to Thorndale to Virginia
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 4
Bedrooms Possible 4
Baths Count 3
Full Baths in Building Count 3
Total Rooms 10
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 3000
Appliances And Features Stove, Refrigerator, Washer, Dryer
Full Baths Total 1
Lease Expiration Date 06/25
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1000
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 05/25
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1000
Property / Lot Details
Deconversion N
Lot Dimensions 38 X 120
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Georgian
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

ElectricExpense 240
Gross Rental Income $51,000
Insurance Expense $1,056
Insurance Expense Source Actual
Net Oper Income $36,718
Rental Income 51000
Investment Profile Residential Income
Water Expense $528

Tax/Assessments/Liens

PIN 13013010240000
Special Assessments N
Taxes $11,930
Tax Exemptions None
Tax Year 2022
$689,900 Listing Price:
MLS # 11964157
Investment Profile Residential Income
Listing Market Time 109 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking None
List Date 01/19/2024
Year Built 1955
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